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Garnik is engaged in a fruits and vegetables wholesale trade. He buys the merchandise using his car in the Republic of Georgia and from villages of Ararat region.

The main part of the goods he sells to retailers. The other part he sells in small shops in Vanadzor city. Garnik's mother from time to time helps him in trading. This activity he has performed for more than five years.

Garnik is 30 years old. He is married and lives in Vanadzor city with his wife, son and mother. Trading is the only source of family income, and with the profit from trading, Garnik solves his family needs, pays all bills for the flat, etc.

Garnik is seeking a 500,000 Armenian Drams loan to buy and resell citruses and tropical fruits from the Republic of Georgia.

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

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About Armenia

  • $6,300
    Average annual income
  • 131
    View loans »
    Armenia Loans Fundraising
  • $14,333,525
    Funds lent in using Kiva
  • 406.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Garnik to buy and resell citruses and tropical fruits.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Feb 8, 2013
Currency Exchange Loss:
May 17, 2014